In 2023, the UK market for paints and varnishes based on polyesters, acrylic or vinyl polymers in a non-aqueous medium stood at a significantly lower volume compared to 2024's forecast. The volume is expected to increase gradually from 201.29 million kg in 2024 to 206.73 million kg by 2028, reflecting a steady year-on-year growth. The compound annual growth rate (CAGR) over this five-year period is projected to be modest, indicating a stable market.
- 2024-2025: Growth of approximately 0.70%.
- 2025-2026: Growth of approximately 0.71%.
- 2026-2027: Growth of approximately 0.66%.
- 2027-2028: Growth of approximately 0.64%.
Future trends to watch for include the impact of technological advancements aiming for better environmental compliance and product innovations enhancing performance and cost-effectiveness, possibly influencing market dynamics. Monitoring regulatory changes and green building trends will also be crucial in the upcoming years.
